BTC Whale Boosts Short Position to 930 BTC Amid Price Volatility
A large Bitcoin (BTC) whale has increased its short position by adding 30 BTC to its existing 900 BTC short, bringing the total to 930 BTC. This move comes as the price of BTC trades near $64,213, with a liquidation price of $65,306.
The whale's position is now worth around $60.32 million and has a floating loss of $605,000. The price action on the 4-hour chart shows that BTC is trading within the Bollinger Bands, with resistance at $65,195.58 and support at $63,920.69.
The bullish EMA structure suggests that there is concrete support at the 50-EMA of $64,221, while the MACD golden cross indicates that momentum remains higher.